The role of pre-start-up planning in new small business

Sascha Kraus and Erich Schwarz

International Journal of Management and Enterprise Development, 2007, vol. 4, issue 1, 1-17

Abstract: The purpose of this study is to examine the relationship between 'pre-start-up planning' – i.e. written business plans prior to enterprise foundation – and success of small businesses. Our own empirical results, based upon a longitudinal survey of 468 small businesses from Austria, support the claim that the existence of written business plans is beneficial for company success. A positive relationship could be identified by the use of a logistic regression model. Furthermore, a significant difference between pre-start-up planners and their non-planning counterparts could be identified and thus confirm our second hypothesis that pre-start-up planning leads to ongoing planning.

Keywords: Austria; business plans; new ventures; planning; success; small business; small and medium-sized enterprises; SMEs; management; enterprise development; pre-startups. (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmede:v:4:y:2007:i:1:p:1-17

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